A new approach of carbon emission allocation among stakeholders: an expansion of Multiregional and Multisectoral Dynamic Energy-Economic Model THERESIA

A significant component of sustainable development, proclaimed by the UNO, is the requirement to significantly reduce the formation of waste by preventing, reducing, recycling and reusing them. In the context of the formation of sustainable models of consumption and production, it is the circular economy that can provide a restorative, closed nature and is intended to replace the linear economic model. Circular economy has a restorative, closed nature, is characterized by minimization of consumption of primary raw materials and volumes of recycled resources, reduction of waste and waste costs. However, the transition to a circular economy requires a completely new approach not only to the production process, but also to the management system, a significant component of which is accountance. The purpose of the research is to outline the features and tendencies of accounting evolvement in the conditions of sustainable development and circular economy. The article specifies that the speed of changes in practical activities and scientific research in the context of sustainable development causes a change in requirements and functional approaches to accountance. The theoretical and practical approaches considered allow to determine those features of sustainable development and circular economy that influence accountance. The most difficult challenge in the development of accounting in the conditions of sustainable development and circular economy is the combination of economic, ecological and social results, as well as formed, established principles of accountance and financial reporting, also ensuring their reliability. Research of theoretical conceptions of accounting for sustainable development on the basis of positive and normative accountance theories can contribute to standardization and unification of financial and non-financial reporting on the company’s performance in the context of sustainable development and circular economy, limiting the possibility of incomplete, incorrect, inaccurate or unnecessary information.

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AN ENERGY-ECONOMIC MODEL FOR DEVELOPING COUNTRIES

Dynamic Modelling and Control of National Economies 1983 ◽

10.1016/b978-0-08-030557-8.50053-9 ◽

1984 ◽

pp. 337-344

Author(s):

S.K. Mukherjee ◽

S.H. Rahman

Keyword(s):

Developing Countries ◽

Economic Model ◽

Energy Economic Model

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THE DOUBLE FAILURE OF ENVIRONMENTAL REGULATION AND DEREGULATION AND THE NEED FOR ECOLOGICAL LAW

The Italian Yearbook of International Law Online ◽

10.1163/22116133-90000166a ◽

2017 ◽

Vol 26 (1) ◽

pp. 265-285

Author(s):

Massimiliano Montini

Keyword(s):

Environmental Protection ◽

Environmental Regulation ◽

Economic Model ◽

Environmental Law ◽

Regulatory Regime ◽

Second Phase ◽

Negative Externalities ◽

New Approach ◽

The Law ◽

Life On Earth

The evolution of environmental law in the last few decades has occurred in two main phases, which correspond to two opposing and sometimes conflicting trends. The first phase, which may be identified as the “environmental regulatory trend”, has been characterised by the attempt to protect the environment through the management of the negative externalities caused by the dominant economic model based on the pursuit of an unrestrained growth. Such a regulatory trend, despite producing an enormous corpus of legislation, has shown many deficiencies. The shortcomings of the environmental regulation trend have therefore paved the way for the advent of the second phase, characterised by an “environmental deregulatory trend”, which has promoted a shift towards the progressive revision of the existing legislation, with a view to simplifying and streamlining it. Unfortunately, both approaches have resulted in a substantial failure. The aim of the present paper is to analyse the double failure of environmental regulation and deregulation and to promote a possible way out. This will be identified as the need to revise the current regulatory regime for environmental protection and to promote a shift towards a new ecologically based approach to the law, which should primarily aim at the protection of the health and integrity of the ecosystems which support life on Earth. Moreover, in order to signal the decisive shift that the new approach should mark, a corresponding change in the name of the law aimed at the protection of the environment and ecosystems will be proposed: from environmental law to ecological law.

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